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Global EVA Copolymer Resin Market Insight
2021-12-30 Comments

The EVA copolymer resin is forecast to continue rising over the next four years. According to the World Knowledge Information (WKI) “Global EVA Copolymer Resin Professional Survey Report 2020, Forecast to 2025”, The development of packaging and electronics industry and the increasing demand for packaging materials and consumer electronics in emerging economies are the main factors driving the growth of the global EVA resin market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 3.12% base on WKI regression analysis model.

Analysts’ Viewpoint:

“From the current industry situation, EVA copolymer resin market is scattered, the industry concentration is low, and the industry access threshold is low. Enterprises in the investment wait-and-see period can seize the opportunity.”said Selena, Senior analyst, Chemicals Goods Market Research Center in WKI.

Market insight:

The demand for multi-purpose solutions for adhesives, sealants and coatings is increasing. In a wide range of applications, such as flexible hoses, footwear components, automobile bumpers, molded automobile parts, toys and sporting goods, flexible packaging and other products, it is expected to support market growth during the forecast period. In addition, under the global covid-19 pandemic, the demand for various medical and health care products, such as temperature guns and drug packaging, has increased, while others. This in turn drives the demand for ethylene vinyl acetate copolymer (EVA) copolymers in the healthcare and packaging end use industries.

However,the pandemic has led to disruption in demand and supply chain over the globe, Insufficiency in raw material supply is expected to hamper the production rate of ethylene vinyl acetate, which negatively impacts the market growth.

Competition Landscape:

Some of the prominent players in the ethylene vinyl acetate copolymer market include Sipchem, Al Habib Polymers FZE, Arkema S.A., Braskem S.A., Celanese Corporation, Dow Inc., Exxon Mobil Corporation, Formosa Plastics Corporation, Hanwha Chemical Corporation, Lyondellbasell Industries Holding B.V and others.

Segmentation of EVA Copolymer Resin Market:

According to the type, EVA copolymer resin market can be divided into vinyl acetate modified polyethylene, thermoplastic ethylene vinyl acetate, ethylene vinyl acetate rubber and others. Among them, the market segment of vinyl acetate modified polyethylene is leading, accounting for more than half of the global revenue. This important share is attributed to product characteristics, such as low molecular weight, which can be used in consumer packaging materials, food and beverage and industrial packaging applications. According to the application, EVA copolymer resin market can be divided into film, foam, hot-melt adhesives, photovoltaic cells and others. Among them, the application field of photovoltaic cells leads the market, accounting for more than one-third of the global revenue. This important share is attributed to the growing demand for clean energy from public and private infrastructure, which promotes the increase in the demand for EVA copolymer resin and the continuous expansion of the market scale of EVA copolymer resin.

EVA Copolymer Resin Market: Regional Analysis

In terms of geography, the global EVA copolymer resin market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.Due to the development of packaging and papermaking, automobile industry, footwear, photovoltaic panel and pharmaceutical industry, the Asia Pacific region occupies a major share in the global vinyl acetate resin market and maintains its leading position in the forecast period. Because the increase in demand and output of packaging materials, electric vehicles and photovoltaic panels for the production of solar energy has stimulated the surge in demand for vinyl acetate resin in the Asia Pacific region and promoted the continuous expansion of the market scale of EVA copolymer resin.

 

Cagr: 3.12%
Largest share area:Asia Pacific
Largest share country:China